Share Plc, the parent company of stockbroker The Share Centre, announced that the interim results to June 2011 showed revenues of £7.4 million (2010: £7.5 million), pre-tax profit of £1.05 million (2010: £1.58 million) and adjusted EPS of 0.6p (2010: 0.8p).
The company reported that without the impact of the interest rate floor policy (which expired in November 2010), revenues were £7.4 million (2010: £6.2 million). Whilst Q1 showed strong dealing volume growth, in Q2 volumes fell back. H2 to date is showing Q2 volumes.
Revenues included commissions of £3.1 million (2010: £3.0 million), fees of £3.3 million (2010: £2.7 million) and interest of £900,000 (2010: £1.9 million). A Primary Fundraising Service based on the Sharemark platform was launched in July 2011, and is targeted at SMEs seeking to raise up to €5 million.
The SHRE share price has decreased by 10% over the last year.
Share Plc is currently graded b by LCF Research. To learn more, follow the link.
